fortypercent's

Sunday, July 19, 2009

still here !!

haven't been posting to twitter or my blog for a few weeks. remembering to keep up is the hardest part.

this market is really struggling to declare it self. volatility is just now starting to calm a bit. the market's price action in recent days has shown a desire to move higher.

the uptrend is likely to be short as things appear short-term over bought. be ready to play this by ear. we can also see that the nasdaq bullish % is looking exteneded.

market pressure could change direction anytime now. for now i have closed and will hold back on taking my typical large position in a broad market etf.

i will consider fast, short-term trading in individual stocks.
07/20/2009 i will take a 2% risk position in YHOO and a 1% risk position in STEC

these two will be traders, looking for quick 3% - 5% gains then close.
i'll continue to hold BAC for long-term( i hold 1000 @ 13.5, will get 1000 more shares at these slightly lower prices)

h'mmm, what will my 2000 shares of BAC be worth a year from now?

remember, this is all just a bit of food for thought. always do your own homework before pulling the trigger, that's fun trading!

Posted via email from fortypercent's posterous

Sunday, June 14, 2009

Posterous | Re: Monday Monday ...

whoa,
i almost forgot the other stock i'm mackin on, PALM!

PALM got away from me last week. my limit orders were always not high enough. if i make a move, i'll pay more attention this time. the big 5 bagger play is over, but this one may go to 25 which would be a great move from here!

remember, do your own homework and have fun trading!

Posted via email from fortypercent's posterous

Monday Monday ...

today i'm reviewing potential trades for monday.
E*Trade has caught most of my attention.

both the daily and intraday charts closed looking bullish. there may be some over-head resistance at the daily 200 day average. the daily chart starting at the end of may looks like market expects some good news soon. do your homework

Posted via email from fortypercent's posterous

Saturday, June 13, 2009

top o' mountain

"we have moved way up since mid march, congratulations people!!!

moving forward at this relative level markets slow down. markets pullback, markets move sideways.
so, be careful!!

even though it is tired, market is slightly trending higher. i've personally been daytrading, i'm handling two 1% "trading" positions at a time. i'm looking for 6% plus( when i'm lucky) then i'm out no matter what i "think" may happen the rest of the day or the next day as my stocks have sometimes continued to trade higher. i've left some money on the table, but 6% or close ain't bad for a couple of grey hair hours.

premarket and early market 06/15/2009 i will be looking at :

etfc:

arst

vmc

nsc

i'm lokking at maybe taking very small positions in etfc and vmc. i gave you charts with all of the technical features. do your own fundamental research. post any new inf here.

*
this would be my next and last trade. i will hold cash USA dollars until i see a good total market move, up or down!

Posted via email from fortypercent's posterous

buy, sell or hold?

both the wilshire5000 and the s&p 500 ended the week pointing up on their daily charts and their intraday charts. both indices closed above their 200 day exponential moving average.

the market is oing up, but man has it become tired. i'd bet that we won't see a significant pullback here, probably later, who knows when. just not yet

me, i'm not going long. whe i stop out, i'm done until a pullback. nothing wrong because cash is King!!

that's fun trading

Posted via email from fortypercent's posterous